The World Health Organization (WHO) has formally declared the COVID-19 outbreak a pandemic and the risk of infection spreading in Sweden has been classified to be very high, according to the Public Health Agency (Folkhälsomyndigheten).
To assure and maintain the best possible service level, AB Bandindustri has started its investigations in what way the coronavirus situation could affect our operations and customers on a short-, middle-, and long term. We are following the situation carefully and have an ongoing dialogue with critical subcontractors as well as forwarding agents to secure the supply chain.
AB Bandindustri is continuously reviewing the stock level for raw materials as well as finished goods to be able to detect discrepancies. Potential scarcities have been identified and actions have been taken to avoid disturbances in the supply chain in case that the spread of the coronavirus will accelerate and intensify.
Currently, we do not see any specific discrepancies or disturbances in our supply chain. Positive signals can be seen in Asia where disturbances have slowed down, e.g. China. Our forwarders have informed us that they are expanding their transports from Asia to Europe, which is another positive signal. We will continuously inform our customers, if the situation should intensify dramatically for instance if the coronavirus will become pandemic. Critical customers and key accounts will be contacted and updated separately.
AB Bandindustri is following the advices and recommendations given by the Swedish Foreign Office (UD/ Utrikesdepartement) regarding business travels for its employees. To minimize the risk of infections and the spreading of the virus we have imposed a ban for all business travels and visits. This means that we will not visit customers nor suppliers, until the company finds reasons to re-evaluate the situation. We have informed all employees where to find up-to-date information regarding the coronavirus and related spread of infection. Recommendations have been given to our employees to take all necessary precaution for private travels, but we also advise to abstain from unnecessary private travels.
To monitor the development of the virus and to be able to take necessary fast decisions AB Bandindustri has established a dedicated management group for the situation.
Please contact your ordinary contact person if you have any further questions.